401 Hill StNarrowsVA24124
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Narrows at 401 Hill St, Narrows, VA, 24124 priced at $185,000 converts $2,189/mo rent into $1,084/mo cash flow after a $905/mo obligation. Total monthly income equals $2,189/mo, and annual cash flow totals $13,003/yr on $61,328 invested. Return on cash invested prints 41.11% in year one, and rental yield reads 14.2% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 216.3% and total cumulative return in cash sums $132,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,189/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1944
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24124, Narrows, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,193 (100%) |
| Owner Occupied HU | 1,387 (63.2%) |
| Renter Occupied HU | 495 (22.6%) |
| Vacant Housing Units | 311 (14.2%) |
| Median Home Value | $134,464 |
| Average Home Value | $210,771 |
Housing Distribution
Address Breakdown
Residential
1,883
Single Family
1,878
Multi-Family
5
Businesses
90
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Listed by: Kim Mullins • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424704
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.